Mgt 131

EXERCISE 16-5 Interest Expense30,640 Discount on Bonds Payable [$10,240 ÷ 64 = $160; $160 X 4]640 Cash (10% X $600,000 X 1/2)30,000 (Assumed that the care aggregation was reversed as of January 1, 2011; if the involution accrual was not reversed, interest expense would be $20,640 and interest payable would be debited for $10,000) Bonds Payable600,000 Discount on Bonds Payable ($10,240 $640)9,600 mutual neckcloth ($25 X 6 X 600)90,000 Paid-in great in Excess of Par500,400* *($600,000 $9,600) $90,000 EXERCISE 16-15 (a)2,640,000 sharesJan. 1, 2010Sept. 30, 2010 (2,400,000 X 9/12)1,800,000 ex post facto accommodation for spud dividendX 1.10 Jan. 1, 2010Sept. 30, 2010, as adjusted1,980,000 Oct. 1, 2010Dec. 31, 2010 (2,640,000 X 3/12) 660,000 2,640,000 some other way to view this transaction is that the 2,400,000 shares at the beginning of the class must be restated for the stock dividend unheeding of where in the form the stock dividend occurs. (b)4,140,000 sharesJan. 1, 2011Mar. 31, 2011 (2,640,000 X 3/12)660,000 Apr. 1, 2011Dec. 31, 2011 (4,640,000 X 9/12)3,480,000 4,140,000 (c)8,280,000 shares2011 weighted-average add up of shares previously considerd4,140,000 Retroactive adjustment for stock splitX 2 8,280,000 (d)9,280,000 shares Jan. 1, 2012Mar.

31, 2012 (4,640,000 X 3/12)1,160,000 Retroactive adjustment for stock splitX 2 Jan. 1, 2012Mar. 31, 2012, as adjusted2,320,000 Apr. 1, 2012Dec. 31, 2012 (9,280,000 X 9/12)6,960,000 9,280,000 |PROBLE M 16-7 ! | a) The number of shares used to compute staple fibre earnings per share is 4,951,000, as calculated below. | |Dates |Shares | |Fraction | plodding | |Event...If you want to get a broad(a) essay, order it on our website: BestEssayCheap.com

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